On 22 June 2016, the Government of India approved a package for the Textiles and Apparel sector. According to the official press release, these measures are expected to promote "employment generation, economies of scale and boost exports." As per news reports, the package is in excess of INR 6000 crore (~USD 901.883 million*).

The government will increase its contribution from 8.33% to 12% and thus will bear the entire burden of the employer in the Employers Provident Fund Scheme for new employees in the garment industry, for the first 3 years, who are earning less than INR 15,000 per month

To promote employment, the Employers Provident Fund Scheme is made optional for employees earning less than INR 15,000 per month

Subsidy under the Technology Upgradation Fund Scheme has been increased from 15% to 25%. Moreover, the disbursement of the subsidy has been moved from input to output based, in this case reaching the number of expected jobs.

An additional duty drawback of 5% will be provided. This tax refund package is expected to cost INR 5500 crores

Considering the seasonality of employment, certain favorable changes have been introduced in the Income Tax Act to accomodate additional wagae payment deductions.

5909
Textile hosepiping and similar textile tubing, with or without lining, armour or accessories of other materials.

590900
Textile hosepiping and similar textile tubing, with or without lining, armour or accessories of other materials.

5910
Transmission or conveyor belts or belting, of textile material, whether or not impregnated, coated, covered or laminated with plastics, or reinforced with metal or other material.

591000
Transmission or conveyor belts or belting, of textile material, whether or not impregnated, coated, covered or laminated with plastics, or reinforced with metal or other material.

5911
Textile products and articles, for technical uses, specified in Note 7 to this Chapter.

591110
Textile fabrics, felt and feltlined woven fabrics, coated, covered or laminated with rubber, leather or other material, of a kind used for card clothing, and similar fabrics of a kind used for other technical purposes, including narrow fabrics made of

5404
Synthetic monofilament of 67 decitex or more and of which no crosssectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm.